Tractor Supply (NASDAQ:TSCO) Stake Boosted by Procyon Advisors LLC

Procyon Advisors LLC increased its holdings in Tractor Supply (NASDAQ:TSCO) by 7.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,314 shares of the specialty retailer’s stock after purchasing an additional 295 shares during the period. Procyon Advisors LLC’s holdings in Tractor Supply were worth $928,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new position in Tractor Supply during the 3rd quarter worth $25,000. Compass Wealth Management LLC acquired a new position in Tractor Supply during the 4th quarter worth $25,000. Pacific Center for Financial Services acquired a new position in shares of Tractor Supply during the first quarter valued at about $26,000. ST Germain D J Co. Inc. acquired a new position in shares of Tractor Supply during the second quarter valued at about $29,000. Finally, VisionPoint Advisory Group LLC raised its position in shares of Tractor Supply by 105.6% during the third quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 76 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Kurt D. Barton sold 401 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $232.06, for a total value of $93,056.06. Following the completion of the transaction, the chief financial officer now owns 25,013 shares of the company’s stock, valued at $5,804,516.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Kurt D. Barton sold 401 shares of Tractor Supply stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $232.06, for a total value of $93,056.06. Following the completion of the transaction, the chief financial officer now owns 25,013 shares of the company’s stock, valued at approximately $5,804,516.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kurt D. Barton sold 4,335 shares of Tractor Supply stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the completion of the transaction, the chief financial officer now directly owns 20,678 shares of the company’s stock, valued at approximately $5,314,246. The disclosure for this sale can be found here. Insiders have sold a total of 90,090 shares of company stock worth $21,201,877 over the last ninety days. Company insiders own 0.24% of the company’s stock.

Tractor Supply Trading Up 0.0 %

NASDAQ TSCO traded up $0.10 during trading hours on Thursday, hitting $260.54. The company’s stock had a trading volume of 75,393 shares, compared to its average volume of 1,182,354. The stock has a fifty day moving average of $242.55 and a 200 day moving average of $219.60. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $268.02. The firm has a market capitalization of $28.12 billion, a P/E ratio of 25.81, a PEG ratio of 3.88 and a beta of 0.84. The company has a quick ratio of 0.28, a current ratio of 1.50 and a debt-to-equity ratio of 0.82.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, February 1st. The specialty retailer reported $2.28 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.06. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.67 billion. Tractor Supply had a net margin of 7.61% and a return on equity of 53.60%. The business’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period last year, the business posted $2.43 earnings per share. Equities research analysts forecast that Tractor Supply will post 10.19 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.69%. This is a positive change from Tractor Supply’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Friday, February 23rd. Tractor Supply’s dividend payout ratio (DPR) is presently 43.61%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TSCO. Telsey Advisory Group upped their price objective on shares of Tractor Supply from $245.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Raymond James lowered shares of Tractor Supply from a “strong-buy” rating to an “outperform” rating and upped their price objective for the company from $230.00 to $250.00 in a research report on Friday, February 2nd. Morgan Stanley reissued an “underweight” rating and issued a $195.00 target price on shares of Tractor Supply in a research note on Tuesday, January 16th. Wells Fargo & Company upped their target price on shares of Tractor Supply from $250.00 to $285.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Mizuho assumed coverage on shares of Tractor Supply in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $245.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $238.91.

Tractor Supply Company Profile

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.